The Fortuna Group, a prominent wagering and gaming enterprise in Central and Eastern Europe, has declared a substantial rise in betting engagement during the initial three quarters of 2017. They witnessed a 69.1% upswing compared to the corresponding timeframe in the preceding year.

This surge in participation propelled their overall wagers to €1.3 billion for the nine months concluding on September 30th. Fortuna also experienced a considerable enhancement in gross earnings, which escalated by 54.1% to €1.853 billion.

The corporation ascribes this triumph to the enlargement of its digital endeavors, particularly in fixed-odds sports wagering within the nations where it functions and online casino gaming in the Czech Republic. Acquisitions, encompassing Hattrick Sports Group and Fortuna Romania, also contributed.

While income before interest, taxes, depreciation, and amortization (EBITDA) displayed remarkable expansion of 77.9%, reaching €28.3 million, net income for the identical duration declined by 18% to €7.9 million.

Per Widerström, Chief Executive Officer of Fortuna Entertainment Group, remarked on the outcomes: “Our robust financial display in the first nine months of 2017 mirrors our expansion strategy of allocating resources to operational proficiency, novel platforms, and regional development. This has resulted in substantial advancement across all our essential indicators.”

He appended, “Our sums wagered augmented by 69.1% year-on-year to €1.3 billion, gross earnings attained €1.853 billion, and EBITDA hit €28.3 million, signifying increases of 54.1% and 77.9% correspondingly. If we modify for singular expenses associated with mergers and acquisitions and assimilation, EBITDA amplified by 105.6% year-on-year.”

We were additionally considering the remainder of 2017, factoring in the projected expansion resulting from the merger.